Anyone who is in procurement knows that high-volume purchases mean discounts and oftentimes, leverage. Most small businesses don’t have the need – or the pocketbook – to achieve either. However, when small businesses combine their resources for group purchasing, their negotiating position is significantly strengthened. UNA, launched in 2012, is one of several group purchasing organizations…
Purchasing managers for the manufacturing industries in the U.S. expect growth will continue throughout the remainder of 2018. Sixty-two percent of the respondents to the Institute For Supply Management’s Semiannual Economic Forecast expect their revenue in 2018 will be 11.6 percent higher than in 2017; the industry will average 6.6 percent growth. In fact, every…
Cost reduction, new products/market development, and managing risks continue to be the biggest priorities for procurement leaders, according to Deloitte’s global chief procurement officer (CPO) 2018 report. These leaders also are working to better align procurement and business priorities to deliver value by focusing on strategies such as consolidating spend, reducing total life cycle/ownership costs…
Arrow Electronics Inc. is knee-deep in the most consequential evolution in its history, one that has the potential to result in a complete transformation of its business and heavily impact the entire electronics value chain by forcing a reshaping of the design, engineering, new product introduction, procurement and the entire supply chain. Once finished, the…
Although the value of mergers between semiconductor companies declined in 2017, the two-dozen deals that were consummated last year will have a long-term impact on the supply chain. As chip companies merge, overlapping product lines are often discontinued and the vendor base available to purchasing organizations is decreased by one. Combined with an uptick in…
The answer is not yet, according to a new survey released by JAGGAER in cooperation with the Austrian Association for Supply Chain Management, Procurement and Logistics (BMÖ). Although the survey finds a majority of companies wary of using the newest technologies, including blockchain, robotic process automation (RPA), and digital assistants/chatbots in their procurement organizations, they…
JAGGAER, a leading independent spend management technology company, today announced that it plans to acquire BravoSolution from Italmobiliare S.p.A., subject to customary closing conditions, effectively rendering JAGGAER the largest independent, vertically focused spend management solutions company in the world. JAGGAER will have over 1,850 customers connected to a network of 3.7 million suppliers in 70…
Although the U.S. has pulled out of the Paris climate agreement, many U.S. companies are redoubling their efforts to reduce carbon emissions, which are linked to global warming. Procurement professionals can play a leading role in such efforts, experts say. Sourcing managers are already playing a key role in reducing the carbon footprint through sustainable…
A large majority — 88 percent – of purchasing managers for small and mid-sized businesses across the U.S. expect their revenue will increase during the next 12 months. However, more than one-third of them identified cyber security as their top concern for the same period. The buying consortium Prime Advantage, which surveyed more than 750…
Verticalization – or the more modern version of it – is in vogue again and its embrace by the biggest and most powerful OEMs is roiling the electronics industry as the opportunities and sizes of markets served by semiconductor makers, component distributors and software developers shrink further, forcing a re-evaluation of their roles, offerings and…